A real report on the Latvian real estate market, based on VZD-registered deals.
Older buildings and newer developments don't just cost differently — they also make up very different shares of the total deal count. This chart shows what percentage of all this period's apartment deals happened in each era.
| Building era | % of deals | Deals | Average price | Avg. €/m² |
|---|---|---|---|---|
| Vecbūve (līdz 1945) | 17.6% | 344 | 67191 € | 1355 €/m² |
| Padomju sērijveida (1946–1993) | 63.0% | 1229 | 28305 € | 631 €/m² |
| Jaunā celtne (1994–2014) | 9.6% | 187 | 95315 € | 1808 €/m² |
| Jaunākie projekti (2015+) | 9.8% | 191 | 110991 € | 2299 €/m² |
How it's calculated: the building era is determined by the year VZD registered the building as put into service (not the \"building series\" mentioned in listings — that's available for real transaction data too rarely to base reliable statistics on). Eras: Pre-war — {% trans "līdz 1945. gadam" %}; Soviet-era prefab — 1946–1993 ({% trans "galvenokārt tipveida paneļu un ķieģeļu mājas" %}); New building — 1994–2014; Newest developments — 2015 and later. Percentages are calculated from deals where the building year is known; eras with fewer than 5 deals in the period aren't shown separately.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Čiekurkalns | 1044 €/m² | ▲ 53.8% |
| Mežaparks | 2167 €/m² | ▲ 51.9% |
| Torņakalns | 1078 €/m² | ▲ 34.8% |
| Maskavas priekšpilsēta | 1261 €/m² | ▲ 33.7% |
| Šampēteris-Pleskodāle | 1290 €/m² | ▲ 30.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežciems | 694 €/m² | ▼ -40.6% |
| Aplokciems | 993 €/m² | ▼ -34.8% |
| Bolderāja | 521 €/m² | ▼ -21.9% |
| Imanta | 1264 €/m² | ▼ -21.5% |
| Āgenskalns | 1497 €/m² | ▼ -15.2% |
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Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.